If you are researching the cost of living in Medellín, Colombia, you are likely asking one key question: how much does it cost to live in Medellín, Colombia?
Whether you are an expat, digital nomad, retiree, or long-term traveler, Medellín has become one of Latin America’s most popular cities thanks to its affordable lifestyle, modern infrastructure, quality healthcare, and pleasant year-round climate.
The cost of living in Medellín varies based on lifestyle, neighborhood, and income source, but it remains significantly lower than in most cities in North America and Europe. This guide provides a clear, realistic breakdown of Medellín living costs, so you can accurately understand what it truly costs to live comfortably in Medellín, Colombia.
So, let us know your budget and fantasies, and we will make your stay in Medellin memorable. We are always glad to help you plan your big day!
Average Monthly Cost of Living in Medellín: Is Medellín Affordable?
Compared to major cities in the United States, Canada, and Europe, Medellín remains highly affordable while offering modern amenities, reliable infrastructure, and a high quality of life. When all expenses are combined, the average cost of living in Medellín varies depending on lifestyle and household size.
A single person living modestly but comfortably can expect monthly expenses between $600 and $800 USD. Those seeking a more comfortable lifestyle, with regular dining out, private healthcare, and central housing, typically spend $900 to $1,200 USD per month.
Couples benefit from shared housing and utilities, with budget lifestyles averaging $1,000 to $1,300 USD, and a comfortable lifestyle for two generally ranging from $1,500 to $2,000 USD per month, including rent, utilities, food, transportation, healthcare, and entertainment.
Although prices have risen in recent years due to inflation and increased tourism, the cost of living in Medellín, Colombia still allows residents to enjoy quality healthcare, a vibrant cultural scene, and a pleasant year-round climate without the financial pressure common in many global cities.
Now that you’re familiar with the cost of living in Medellin, let’s design a custom itinerary for your stay and exploration.
Inflation, Cost Trends, and Seasonal Variations in Medellín
While Medellín remains one of Latin America’s most affordable cities, it’s important to note that costs are continually evolving. The figures presented reflect trends up to 2025, but due to inflation and ongoing economic changes, monthly expenses in 2026 are expected to be slightly higher.
Single residents should anticipate modest increases of 5–8% across housing, dining, and services, bringing comfortable living costs to approximately $630 to $1,300 USD per month. Couples may see monthly expenses rise to around $1,600 to $2,150 USD, depending on lifestyle choices and neighborhood selection. Accounting for these inflation-adjusted estimates helps ensure more accurate financial planning for both newcomers and long-term residents.
In addition to general inflation, certain costs, particularly entertainment, nightlife, and fitness, can fluctuate seasonally or during major events. Medellin’s popular festivals, such as the Feria de las Flores in August, or holiday periods, often drive temporary price increases for accommodations, restaurant meals, and event tickets.
Nightlife in districts like Provenza may also be more expensive during weekends or special celebrations. Even gyms can adjust fees or offer limited promotions during peak enrollment periods. Considering these seasonal and event-driven variations allows residents to budget realistically while enjoying Medellín’s vibrant social and cultural scene.
Whether you are in Medellin to explore its stunning landscapes or experience its food, culture, or nightlife, our team of experts is here to guide your way.
Currency Exchange Rates and COP/USD Fluctuations
When evaluating the cost of living in Medellín, Colombia, it is important to account for currency exchange rate fluctuations, particularly for expats and digital nomads earning income in USD, EUR, or other foreign currencies. The Colombian peso (COP) has experienced periods of volatility in recent years, and even modest shifts in the COP/USD exchange rate can meaningfully impact monthly expenses.
When the peso weakens against the dollar, foreign earners benefit from increased purchasing power, making rent, food, and services more affordable. Conversely, a strengthening peso can raise the effective cost of living for those relying on foreign income.
While daily living expenses are paid in COP, budgeting in USD without accounting for exchange-rate movement may lead to inaccurate cost expectations over time. For this reason, residents are encouraged to maintain a financial buffer and regularly reassess their Medellín living cost based on current exchange rates.
Planning your summer trip to Medellin? Let us tailor-make an itinerary for your summer vacation in Medellin! We will ensure your trip is seamless.
Taxes and Residency Considerations for Long-Term Stays
Taxes are another factor that may affect the true cost to live in Medellín, Colombia, particularly for individuals staying long term. While taxes do not significantly increase day-to-day Medellín living costs for most residents, they should be considered as part of long-term financial planning.
Under Colombian tax law, foreigners who remain in the country for more than 183 days within a 12-month period may be considered tax residents, regardless of visa type.
Tax residency does not automatically mean higher taxes, but it can create reporting obligations on worldwide income, depending on personal circumstances and applicable tax treaties. Many digital nomads and expats continue to pay taxes in their home country, while others may need professional guidance to remain compliant in both jurisdictions. Short-term visitors and those staying under 183 days generally do not face Colombian income tax obligations.
Because tax situations vary widely based on nationality, income source, and length of stay, consulting a qualified tax advisor is recommended.
Want to learn more about taxes in Medellin, or start planning your trip already? Get in touch today and make the dream come true!
Local vs Expat Cost of Living in Medellín
The cost to live in Medellín, Colombia varies significantly depending on whether you earn income locally in Colombian pesos (COP) or remotely in USD or EUR. Locals earning COP typically spend far less by living outside tourist-heavy neighborhoods, using public healthcare, shopping exclusively at local markets, and maintaining a more traditional lifestyle.
Expats and digital nomads earning foreign income often choose central neighborhoods, dine out more frequently, use private healthcare, and rent furnished apartments, resulting in higher monthly expenses. While a local household may live comfortably on $500 to $700 USD per month, expats generally spend $900 to $1,500 USD per month for a similar or higher standard of living.
This distinction is important for transparency and helps explain why reported Medellín living costs vary widely across different sources.
Planning your Medellin, Colombia escape? We’ve got the details covered! Contact us for assistance with accommodations, transport, tours, and securing that perfect reservation.
Cost of Living in Medellin: The Complete Breakdown
Housing and Rent in Medellín
Housing is the single largest expense for most residents and tourists, and plays a major role in determining the overall cost of living in Medellín, Colombia. Rental prices vary widely depending on location, apartment size, building amenities, furnishing, and whether you choose a short-term or long-term lease.
Neighborhood selection alone can dramatically change monthly expenses, even when apartments offer similar square footage.
Medellín’s most popular neighborhoods among expats and digital nomads are El Poblado and Laureles. El Poblado is known for its upscale feel, modern high-rise buildings, nightlife, restaurants, coworking spaces, and proximity to international schools and city’s best shopping malls & centers. Laureles, on the other hand, is more residential, flatter, and walkable, offering a quieter atmosphere with tree-lined streets, cafés, and a strong local community.
In these areas, a studio or one-bedroom apartment in a safe, central location typically costs between $400 and $800 USD per month for a long-term lease. A modern two- or three-bedroom apartment in a newer building often ranges from $700 to $1,200 USD per month, depending on size, views, and amenities such as security, elevators, gyms, or pools. Luxury apartments and penthouses with panoramic views, rooftop pools, or high-end finishes can exceed $1,500 to $3,000 USD per month, placing them closer to international pricing standards.
More affordable neighborhoods such as Belén, La América, Envigado, and Guayabal offer excellent value while still providing safety, good transportation access, and a high quality of life. In these areas, similar apartments often rent for 20 to 40 percent less than in El Poblado, making them attractive options for long-term residents looking to reduce their Medellín living cost without compromising comfort.
Two Travel has access to a vast range of vacation rentals, so contact us today, and we can discuss your needs in more detail.
Shared Housing, Coliving, and Short-Term Rentals
For newcomers or those seeking flexibility, shared housing and coliving arrangements have become increasingly popular. Renting a room in a shared apartment generally costs between $150 and $300 USD per month, depending on location and whether utilities are included. This option is particularly attractive for solo travelers or digital nomads who want lower upfront costs and built-in social connections.
Coliving spaces, which typically include a private room, furnished common areas, coworking space, cleaning services, and utilities, usually range from $550 to $650 USD per month. While more expensive than traditional shared housing, coliving provides predictable costs and convenience, reducing the need for deposits, contracts, and utility setup.
Short-term rentals through platforms like Airbnb are significantly more expensive than long-term leases. A one-bedroom apartment rented monthly through Airbnb typically costs between $1,200 and $1,800 USD, while two-bedroom units often range from $1,800 to $2,500 USD or more. These prices reflect furnishing, flexibility, and demand, especially in tourist-heavy neighborhoods.
Utilities and Other Monthly Housing Expenses
Utilities in Medellín are relatively affordable compared to many international cities, though costs vary based on apartment size, energy usage, and the property’s estrato, or socioeconomic classification. Electricity, water, and gas combined generally cost between $30 and $70 USD per month for a standard apartment. Buildings with air conditioning, large windows, or frequent appliance use may see slightly higher electricity bills, though Medellín’s mild climate reduces the need for heating or cooling.
High-speed home internet is widely available and reliable, with packages ranging from 250 to 500 Mbps costing approximately $20 to $40 USD per month. Mobile plans offering unlimited calls, messaging, and data typically cost between $10 and $20 USD per month. Major providers such as Claro, Movistar, and Tigo offer reliable coverage throughout the city and surrounding areas.
Coworking spaces are abundant and affordable, with monthly memberships ranging from $80 to $150 USD, depending on location and amenities. Many cafés also offer fast Wi-Fi, making it easy to work remotely from different neighborhoods.
Building administration or homeowners association fees typically range from $30 to $100 USD per month and are often included in advertised rent prices.
NOTE: Long-term rentals usually do not include utilities, while Airbnb and coliving arrangements generally bundle all expenses into one monthly rate.
Need help planning your summer trip to Medellin Colombia? Our concierge team can book tours, restaurants, and much more. Contact us for a consultation today!
Food Costs in Medellín
Food is one of the strongest advantages when considering the cost of living in Medellín, Colombia. Whether you prefer cooking at home, eating at local restaurants, or dining at international establishments, food remains affordable, fresh, and widely available. Colombian cuisine relies heavily on rice, beans, meats, fruits, and vegetables, many of which are produced locally, keeping prices low.
A single person shopping primarily at supermarkets and local markets typically spends between $120 and $180 USD per month on groceries. For couples, monthly grocery expenses usually range from $200 to $300 USD. Shopping at local neighborhood markets and fruit stands significantly reduces costs compared to upscale supermarkets such as Carulla or Jumbo.
Staple food prices are inexpensive by international standards. Chicken, rice, eggs, fresh produce, and dairy products are affordable and consistently available. Fruits such as mangoes, papaya, bananas, avocados, and pineapples are especially cheap due to Colombia’s agricultural diversity.
Let us help you in the organization, planning, and during your trip to Medellin. Fill out the form and one of our experts will contact you!
Eating Out and Restaurant Prices
Eating out in Medellín is affordable across all price ranges, making it easy to maintain an active social and dining life without dramatically increasing your monthly expenses. Street food such as arepas, empanadas, and buñuelos typically costs between $0.50 and $1.50 USD. A traditional lunch known as a “menu del día,” which includes soup, a main dish, rice, salad, juice, and sometimes dessert, usually costs between $3 and $6 USD at local restaurants.
Mid-range restaurants offering international or fusion cuisine generally charge $10 to $15 USD per meal. A nice dinner for two at an upscale restaurant often falls between $30 and $70 USD, depending on drinks and location.
Beer typically costs between $2 and $5 USD, while cocktails range from $6 to $12 USD, with higher prices concentrated in nightlife districts like Provenza.
Save yourselves from days of grueling planning and stress. Plan your trip to Medellin with us!
Transportation Costs in Medellín
Transportation is another area where Medellín stands out for affordability and efficiency. The city boasts one of the most advanced public transportation systems in Latin America, including a metro, trams, cable cars, and an integrated bus network. Most residents rely on public transportation rather than owning a car.
Using the Cívica card, a single ride on the metro or integrated system costs approximately $0.85 USD. Monthly transportation expenses for regular users typically range from $25 to $40 USD. While there is no unlimited monthly pass, fares remain inexpensive enough that daily commuting is affordable for most residents.
Taxis and rideshare services such as Uber, DiDi, and InDrive are widely available and inexpensive. A typical taxi ride within the city costs between $3 and $8 USD, while the base fare starts at around $2 USD.
Car rentals generally cost $20 to $30 USD per day, though traffic congestion and limited parking make car ownership unnecessary for most people.
Don’t work harder, work smarter, and let Two Travel take care of your transport plans in Medellin!
Healthcare Costs in Medellín
Healthcare is a major factor when evaluating the cost to live in Medellín, Colombia, and the city consistently ranks high for medical quality and affordability. Residents with legal status can enroll in Colombia’s public healthcare system, known as EPS. Monthly contributions typically range from $40 to $70 USD, with doctor visits and hospital care requiring only minimal copayments.
Many expats and digital nomads choose private healthcare due to shorter wait times and English-speaking doctors. Private health insurance plans usually cost between $40 and $100 USD per month, depending on age and coverage. A private doctor’s visit typically ranges from $10 to $50 USD, while private hospital stays are significantly cheaper than in North America or Europe.
Family healthcare costs remain relatively low. Many families combine private health insurance with access to Colombia’s public healthcare system. Family insurance plans typically cost $100 to $250 USD per month, depending on coverage and number of dependents. These manageable costs make Medellín particularly attractive for families seeking quality healthcare without excessive expenses.
Prescription medications are widely available and affordable, and many common treatments do not require a prescription, further reducing healthcare expenses.
Want to go to Medellin and have unforgettable experiences? Find out what our Concierge service can do for you!
Education and Family Costs in Medellín
For families considering relocation, education and childcare significantly influence the overall Medellín living cost. Medellín offers a range of educational options, including public schools, bilingual private schools, and international institutions following American or European curricula.
International school tuition typically ranges from $5,000 to $12,000 USD per year, depending on the school, grade level, and facilities. Well-known international schools are commonly located in El Poblado, Envigado, and nearby suburban areas.
Childcare and daycare services are widely available and affordable by international standards. Monthly daycare costs generally range from $200 to $400 USD per child, with private nannies or in-home care costing more.
Now that you have an idea of the education and family costs in Medellin, let us plan your relocation to this city.
Visa and Legal Costs in Medellín, Colombia
Visa and legal expenses are an important but often overlooked part of the cost of living in Medellín, Colombia, particularly for expats, retirees, and digital nomads planning to stay long term. Colombia offers several visa options, including tourist extensions, migrant visas, and the increasingly popular digital nomad visa.
The Colombia digital nomad visa typically costs between $170 and $300 USD, depending on nationality and whether the application is approved on the first submission. This visa allows remote workers earning income from abroad to legally reside in Colombia for up to two years without entering the local labor market.
For those pursuing longer-term residency, migrant or resident visas often involve additional expenses such as background checks, apostilles, translations, and legal filings. Residency renewals or visa changes generally range from $200 to $600 USD, including government fees.
Notary services, document translations, and apostilles are relatively affordable in Colombia compared to many countries. Expect to spend $20 to $50 USD per document for notarization or translation.
While these are usually one-time or infrequent expenses, they should be factored into the true cost to live in Medellín, Colombia, especially during your first year.
Contact us today to receive customized guidance on how to book your trip of a lifetime in Medellín!
Fitness, Leisure, and Entertainment
Fitness and entertainment costs in Medellín are modest, allowing residents to maintain active lifestyles without excessive spending. Standard gym memberships typically cost between $20 and $40 USD per month, while high-end gyms with pools, classes, and modern equipment range from $40 to $60 USD.
Entertainment options are plentiful and affordable. Movie tickets usually cost between $4 and $6 USD, while guided tours, such as Comuna 13 walking tours, range from $20 to $30 USD. Day trips to popular destinations like Guatapé or coffee farms typically cost between $30 and $50 USD, including transportation.
Nightlife in Medellín is vibrant and accessible, with lower cover charges and drink prices compared to major international cities, particularly outside tourist-heavy areas.
Let us plan your unforgettable Medellin trip. We have access to all the best fitness and entertainment spots!
How Much Does It Cost to Live in Medellín, Colombia?
When all expenses are considered, the average cost of living in Medellín, Colombia remains highly affordable by international standards. A single person can live comfortably on approximately $600 to $1,200 USD per month, depending on lifestyle and neighborhood choices. Couples typically spend between $1,500 and $2,000 USD per month, while families should budget more based on housing size, education, and healthcare preferences.
With realistic budgeting and informed planning, the cost to live in Medellín, Colombia allows residents to enjoy a high quality of life without the financial pressure common in many major global cities.
Your Medellin getaway awaits! Contact us for expert help in planning your vacation, accommodations, transport, tours, and more. We’re here for you!
English 
Spanish